Greater Rock Development Corporation: Nonprofit Profile, Financials & Form 990 (EIN 36-4219235)

Revenue by fiscal year
FY2022	$126K
FY2024	$344K

Expenses by fiscal year
FY2022	$126K
FY2024	$246K

Net assets by fiscal year
FY2022	$1K
FY2024	$238K

Is it real?

Yes. Exemption reinstated (2010-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in May 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $246K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

James Floyd SR

President

$0Pt VII · Sec A

See Greater Rock Development Corporation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers Chicago communities socially, economically, and culturally to transform violent neighborhoods.

Questions for Greater Rock Development Corporation

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1 program · $356K · in their own filed words · FY2023

01

Our mission is to empower chicago communities socially, economically and culturally. Our vision is to transform violent chicago communities one block at a time.

$356Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2023

Carole Robertson Center for LearningFY2023$45K

Total grants receivedfrom 1 funder$45K

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$344K

Ln 12

Gifts and grantsLn 1h$344K

Money outPt IX

$246K

Ln 25

Programscol B$246K

Owns and owesPt X

$238K

net assets · Ln 32

Cash and savingsLn 1–2$6K

Total assetsLn 16$238K

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$344K

Government grantsLn 1e$344K

Total revenueLn 12$344K

Assets in detailPt X, end of year

CashLn 1$6K

Cash and savings togetherLn 1–2$6K

InvestmentsLn 11–13$58K

Land, buildings, equipmentLn 10c$174K

Total assetsLn 16$238K

LiabilitiesLn 26$0

Net assetsLn 32$238K

OperationsPt I, VI

EmployeesI 52

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$85K	$6K
InvestmentsLn 11–13		$58K
Land, buildings, equipmentLn 10c		$174K
Total assetsLn 16	$85K	$238K
LiabilitiesLn 26	$27K	$0
Net assetsLn 32	$58K	$238K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$43K	$43K
Other salaries and wagesLn 7	$148K	$148K
Payroll taxesLn 10	$28K	$28K
OccupancyLn 16	$9K	$9K
Other expenses (24a–d)Ln 24	$19K	$19K
Total functional expensesLn 25	$246K	$246K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Oct 23, 2025	$344K	$246K	$98K	$238K	990 PDF
FY2023	Not on file
FY2022Filed with the IRS Feb 14, 2024	$126K	$126K	$0	$1K	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $343,867 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $82,664$343,867

I-9 Program service revenue$0

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenuePrior year $82,664$343,867

I-13 Grants and similar amounts paid$42,600

I-14 Benefits paid to members$0

I-15 Salaries and benefits$175,993

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $82,827$27,744

I-18 Total expensesPrior year $82,827$246,337

I-19 Revenue less expensesPrior year −$163$97,530

Part VI · Governance 3 of 3 board members independent, no flags

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $343,867 across 3 lines filed

VIII-1e Government grants$343,867

VIII-1h Total contributions, gifts and grants$343,867

VIII-12 Total revenue$343,867

Part IX · Statement of functional expenses $246,337 across 5 lines filed

IX-2 Grants to domestic individualsPrograms $42,600$42,600

IX-7 Other salaries and wagesPrograms $148,133$148,133

IX-10 Payroll taxesPrograms $27,860$27,860

IX-16 OccupancyPrograms $9,000$9,000

IX-24 Other expenses (24a–d)Programs $18,744$18,744

IX-25 Total functional expensesPrograms $246,337 · Management $0 · Fundraising $0$246,337

Part X · Balance sheet $238,352 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $84,691$5,901

X-10c Land, buildings and equipment, net$174,109

X-13 Program-related investments$58,342

X-16 Total assetsStart of year $84,691$238,352

X-26 Total liabilitiesStart of year $26,534$0

X-32 Total net assets or fund balancesStart of year $58,157$238,352

X-33 Total liabilities and net assetsStart of year $84,691$238,352

Part XI · Reconciliation of net assets $238,352 net assets at year end

XI-1 Total revenue$343,867

XI-2 Total expenses$246,337

XI-3 Revenue less expenses$97,530

XI-4 Net assets at start of year$58,157

XI-8 Prior period adjustments$82,665

XI-10 Net assets at end of year$238,352

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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